WASHINGTON, D.C., October 3, 2022 — Upside, a retail technology company, has seen unprecedented demand for its product in 2022 as the platform adds more food-related merchant partners. This year user count has increased by 270%, and offer claims have increased by 280%. Merchant adoption has also accelerated in 2022, with a 157% increase in new merchants joining the platform year-over-year, including Casey’s, Coborn's, Domino’s, and Pizza Hut.
“No matter the market condition, we grow,” explained Upside co-founder and CEO Alex Kinnier. “Because every merchant needs more profit and every consumer needs purchasing power. Making meaningful progress in growing our restaurant and grocery partnerships has made our product more valuable to consumers and merchants, and that's reflected in the growth we've seen this year.”
Upside now drives five billion dollars in commerce through its platform each year.
As a result of a doubling in the number of transactions through the Upside platform, the company has doubled its impact on our communities. That’s:
These achievements have also been recognized externally.
To keep up with consumer and merchant demand for Upside, the company increased its staff count by 35% since January and recently opened an office in New York City.
Visit upside.com/newsroom to learn about future momentum announcements, partnerships, and more.
Upside is a retail technology company on a mission to help communities thrive. Our technology has helped millions of people get more purchasing power on the things they need, and tens of thousands of brick and mortar businesses earn measurable profit. Billions of dollars in commerce runs through the Upside platform every year, and that value goes directly back to our retailers, the consumers they serve, and towards important sustainability initiatives. For more: www.upside.com.